Choice Hotels International (CHH) FY2022 results: revenue $1.4 billion, up 31.1% on the year
Choice Hotels International Inc. (CHH) reported revenue of $1.4 billion for fiscal 2022, the year ended 31 December 2022, up 31.1% on the year before. Net income was $332 million, up 14.9%, and diluted earnings per share $5.99. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$1.4 billion
+31.1% on the year
FY2015FY2022
Operating margin
34.1%
40.1% a year earlier
FY2015FY2022
Net income
$332 million
+14.9% on the year
FY2015FY2022
Diluted EPS
$5.99
+16.3% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
367
384
110
-4.3%
Capital expenditure
65.8
74.3
33.6
-11.4%
Free cash flow
301
309
76.5
-2.6%
Free cash flow margin
21.5%
28.9%
9.9%
Cash from investing
-442
-78.9
-24.5
Cash from financing
-394
-27.7
115
Depreciation and amortisation
30.4
24.8
25.8
+22.8%
Share-based compensation
40.5
23.4
7.2
+73.0%
Buybacks
435
13.4
55.5
+3,153.0%
Dividends paid
52.5
25.0
25.3
+109.8%
Dividend per share
$0.24
n/a
n/a
Diluted shares, weighted
55m
56m
56m
-1.4%
Shares outstanding at period end
52m
56m
56m
-6.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
155
266
-5.8
-41.8%
Debt
1,204
1,060
1,059
+13.5%
Operating lease liabilities
71.0
35.5
12.7
+100.0%
Other liabilities
673
570
522
+18.1%
Total liabilities and equity
2,102
1,932
1,587
+8.8%
Fixed assets
427
377
335
+13.2%
Goodwill
219
159
159
+37.3%
Intangible assets
742
312
304
+137.6%
Cash and equivalents
41.6
512
235
-91.9%
Receivables
217
153
150
+41.4%
Other assets
456
418
405
+9.0%
Total assets
2,102
1,932
1,587
+8.8%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.